November 6, 2013
China lysine buyers withhold buying amid weak soymeal prices
Lysine prices were unchanged during the week ending November 6.
Feed millers were cautious with the procurements of lysine as soymeal prices weakened.
Price quotes of 98.5-percent lysine remained in the range of RMB9.50-9.75/kg.
It will be difficult for lysine producers to up hold prices with supplies plentiful, demand slack and soymeal prices falling.
RMB1=US$0.1640 (Nov 6)
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